Bank Windhoek and Nafinu agree on 8% increase

by Staff Reporter

Bank Windhoek and  Nafinu agree on 8% increase

Windhoek

Bank Windhoek has confirmed that the latest round of salary and benefits negotiations with the Namibian Financial Institutions Union (NAFINU) were concluded on September 6 and that the agreement was signed on September 9.

In terms of the agreement Bank Windhoek shall increase all permanent non-managerial employees’ salaries for the 2016/2017 financial year by an average increase of 8 percent.



The parties further agreed that the rental allowance will be N$750 per month and will be extended to all employees in the bargaining unit. The transport allowance will increase by 8 percent.

“The bank and its management are committed to the partnership with NAFINU and remain committed to promoting and servicing the interest of our employees and all other stakeholders. We are pleased that the negotiations have been concluded and that staff will benefit from these,” said Bank Windhoek managing director Baronice Hans.

“I’m satisfied with the outcome of the negotiations. May I take this opportunity to thank the Bank Windhoek team for constructive and meaningful negotiations,” added secretary general of NAFINU Asnath Zamuee.

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